摘要
基于中国高速列车这一典型的自然实验背景,以2001~2014年A股上市公司为样本,采取双重差分模型,检验了交通基础设施改进对审计师选择的"地缘偏好"的影响。结果表明,公司所在城市开通高速列车的次数与公司聘请异地审计师的概率显著正相关,即交通设施的改进抑制了审计师选择的"地缘偏好"。进一步发现,国有企业负向调节了高速列车与异地审计师聘请之间的正相关关系。在测试了高速列车对审计师选择的影响途径后,发现高速列车降低了上市公司审计费用、提高了审计质量,从而增大了公司聘任异地审计师的概率。该结果为交通基础设施影响公司审计行为提供了增量的经验证据,丰富和拓展了影响审计师选择的相关研究。
Using the unique setting of Chinese high-speed train system and a sample of Chinese listed firms during the period of 2001-2014, this paper employs the difference-in-difference method to examine the influence of transport infrastructure improvement on the geographic preference of auditor choice. The findings show that high- speed train system is significantly positively related with the likelihood of a firm＇s hiring of non-local auditors, suggesting that the transport infrastructure improvement can mitigate the tendency of the geographic preference of auditor choice in China. Moreover, the nature of the ultimate owner attenuates the positive association between high-speed train system and the likelihood of a firm＇s hiring of non-local auditors. Additionally, the paper further examines the channels by which high-speed train influences auditor choice and finds that high-speed train system reduces audit fees and improves audit quality, implying that high-speed train system reduces audit costs and improves audit efficiency, and thus resuks in Chinese listed firms＇ hiring of non-local auditors.
出处
《审计研究》
CSSCI
北大核心
2018年第1期103-110,共8页
Auditing Research
基金
国家自然科学基金重大项目课题(项目批准号:71790602)
国家自然科学基金面上项目(项目批准号:71572162)
教育部人文社科基地重大项目(项目批准号:16JJD790032)的资助
关键词
高速列车
国有企业
异地审计师
审计师选择
high-speed train system, state-owned enterprise, non-local auditor, auditor choice
